The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1887-03-03
A Sensation In Seed Oil.
COLUMBIA. S. c., Feb. 25.

Two years ago the OllVer DlOtueIs
flour In number) established large cot
ton seed mill in Columbia. They
already had a profitable mill in Char.
lotte, but the one in this city was upon a
much larger scale. About year ago the
Columbia mill was considerably enlarg-
ed, and cotton seed oil refinery was
added. The Messrs. Oliver were North
ern men who certainly knew their busi-
ness, and from the first their mill here
was looked upon with pride by the
Columbia people and recognized as one
of the most profitable enterprises in the
State.
An individual who owns cotton seed
mill in the South, or anywhere within
reach of the American Cotton Seed Oil
Trust Company stands about the same
chance of holding out against that com.
pany as a private railroad of limited
means would running in competition
with the Richmond and Danville. The
Oliver Bros. are rich men, but they found
it Improbable. so reliable report says, to
keep out of this Cotton Seed Oil Trust
Company, which, as soon as a cotton seed
oil mill is built in the country, makes an
offer to the owners to sell out their stock,
threatening if they do not to occupy
their territory, undersell them, &c.
In payment for the stock the TrusS
Company issues certificates 10 the owners
of the mills. The company handles all
the money, and the holders of the certiti-
Gates can obtain but little information as
to whether stock is up or down, or
whether they are rich or poor. 1t has
been stated that this Trust Company has
issued forty million dollars worth of GER
ti6cates upon three million dollars worth
of property.
Some time ago the Oliver Brothers,
who had gone into the Trust Company
and received their certificates, became
dissatisfied with the arrangement and
sold their certificates. Consequently
they have for several months not owned
dollar of the mill property here or in
Charlotte. Mr.. John Oliver, however,
hs. been managing this mill for the
Trust Company this year, and the bust.
ness has been profitable.
This afternoon information was obtain.
ed by this Bureau that company was in
process of organization which would be
an immense enterprise and cause conster.
nation in the American Cotton Seed Oil
Trust Company. Mr.. John Oliver was
called upon at his hotel by representa-
tive of this Bureau, but could not be seen.
Later in the evening Reporter received
very trustworthy information that COM
pany with a capital of five million dollars
was about to organize to build cotton
seed oil mills and fight the Trust Com.
pany.
Cotton seed oil mills to the number of
twenty-five are to be established through
out the Southern States. It is expected
to build eight mills this year and the
Others in one or tao years. One of the
Oliver brothers has gone to Atlanta,
where he will to morrow meet by
appointment Mr.. Armour, of Chicago,
the nephew of P. D. Armour, the great
moneyed man of that city. IF Armour
Joins the new company there will be not
over half dozen stockholders, one of
them very rich Philadelphia man.
The Oliver brothers, having now no
interests in the cotton seed oil business,
will unquestionably be stockholders in
this company, and with their experience
and business qualities will probably take
leading part, particularly in the man.
agemeEt of the mills. The S,000,000 is
expected to build and operate the mills
and this company will not be handicap.
ped as the Trust Company is. Their
mills will be supplied with the latest and
most improved machinery, and with this
the American Cotton Seed Oil Trust
Company will be unable to compete,
although, of course, they will make a
hard fight.
If the Chicago capitalists does not
come his place will very probably be
taken by number of others who wish to
put their money into the enterprise, but
tor whom there is now not room.
Although the company has not yet
organized, it is almost certain that it
will be in few days. The offerings of
money towards the enterprise are much
larger than can be accepted, on account
of the limited capital stock required
Correspondence News and Courier.